$BTC has formed a polarized liquidation zone around $76,240, with the peak size of short liquidations above significantly suppressing the lower side.
Short Liquidation Risk:
The concentrated area is between $77,480 and $78,000, with a single liquidation peak exceeding $1.20 B.
The cumulative short liquidation leverage curve shows a sharp upward trend.
Long Liquidation Risk:
The concentrated area is between $75,000 and $75,660, with a local peak of approximately $600 M.
The overall long liquidation scale is far lower than the concentrated liquidation zone above.
An extremely large amount of short leveraged positions has accumulated on the right side; an upward break above $77,000 could easily trigger a large-scale short squeeze and a chain of liquidations.
Short Liquidation Risk:
The concentrated area is between $77,480 and $78,000, with a single liquidation peak exceeding $1.20 B.
The cumulative short liquidation leverage curve shows a sharp upward trend.
Long Liquidation Risk:
The concentrated area is between $75,000 and $75,660, with a local peak of approximately $600 M.
The overall long liquidation scale is far lower than the concentrated liquidation zone above.
An extremely large amount of short leveraged positions has accumulated on the right side; an upward break above $77,000 could easily trigger a large-scale short squeeze and a chain of liquidations.

